Dunamu, operator of the domestic virtual asset exchange Upbit, announced on the 14th that it has opened a space in partnership with the SNU Business School to support young startups. The space is named “SNU x Upbit Startup Studio.” Dunamu plans to contribute to revitalizing the startup ecosystem by providing tenant companies with dedicated offices and work devices for up to two years.

Dunamu and the SNU Business School held a “Welcome Day” event on the 10th to commemorate the launch of the space. Dunamu Chairman Song Chi-hyung and other Dunamu executives, as well as faculty members of the SNU Business School, attended the event.

A total of seven startups will move into the “SNU x Upbit Startup Studio.” Breadcrumb, Steelcut, Iruri Labs, Beli Labs, ThetaOne Korea, PION, and LeadAxis were selected as final tenant companies after their technological capabilities and growth potential were recognized.

Dunamu plans to provide core infrastructure free of charge to support the growth of the tenant teams. It will offer tenant companies dedicated offices, shared spaces, and work devices for up to two years. It also plans to support programs such as expert mentoring (Office Hour) in legal affairs, finance, accounting, security, and marketing, as well as CEO roundtables, to enhance the value of the tenant companies.

The core ESG (environmental, social and governance) keywords for Dunamu are youth and talent development. At the event, Dunamu Chairman Song Chi-hyung listened to business presentations from the tenant companies and communicated by answering various questions. He also expressed empathy regarding the challenges faced by startups and their fear of failure.

Chairman Song Chi-hyung said, “In the early stages of a startup, it is inevitable to confront unpredictable uncertainty, but the very process of enduring various successes and failures, large and small, and turning them into results is the greatest asset that an early-stage startup can have,” adding, “By sharing the experience gained in the field honestly, Dunamu will fully play the role of a reliable pacemaker so that startups leading innovation in Korea can achieve sustainable growth.”

Professor Park So-jung, head of the Interdisciplinary Program in Venture Management at the SNU Business School, said, “The SNU x Upbit Startup Studio is an exemplary cooperation model where the university’s strong research capabilities and the potential of young people are combined with substantial corporate support,” and added, “We express deep gratitude to Dunamu for its generous support for building a young startup ecosystem.”

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